First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Shares Up 0.7% – Here’s What Happened

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) traded up 0.7% during trading on Tuesday . The company traded as high as $64.72 and last traded at $64.7310. 372 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 11,326 shares. The stock had previously closed at $64.27.

First Trust Germany AlphaDEX Fund Trading Down 1.5%

The company’s 50 day moving average is $63.39 and its 200 day moving average is $63.74. The company has a market cap of $97.80 million, a PE ratio of 13.97 and a beta of 0.95.

First Trust Germany AlphaDEX Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.8422 dividend. This represents a $3.37 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Germany AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FGM. Kestra Advisory Services LLC raised its position in First Trust Germany AlphaDEX Fund by 0.5% during the 4th quarter. Kestra Advisory Services LLC now owns 54,475 shares of the company’s stock valued at $3,397,000 after purchasing an additional 269 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of First Trust Germany AlphaDEX Fund by 59.6% in the 4th quarter. Jane Street Group LLC now owns 41,191 shares of the company’s stock worth $2,569,000 after buying an additional 15,375 shares during the period. Raymond James Financial Inc. grew its position in shares of First Trust Germany AlphaDEX Fund by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 12,808 shares of the company’s stock worth $753,000 after buying an additional 1,703 shares in the last quarter. Arlington Capital Management Inc. bought a new position in shares of First Trust Germany AlphaDEX Fund during the 3rd quarter worth $3,043,000. Finally, Osaic Holdings Inc. purchased a new position in shares of First Trust Germany AlphaDEX Fund during the second quarter valued at $332,000.

About First Trust Germany AlphaDEX Fund

The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Germany index. The fund tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P’s AlphaDex selection methodology. FGM was launched on Feb 14, 2012 and is managed by First Trust.